Gas vs. Electric Lift Trucks Analysis Series, Conclusions & Recap

Gas vs. Electric Lift Trucks Analysis Series, Conclusions & Recap

HCO Innovations is publishing an eight-part series as an in-depth comparative analysis and discussion on Compressed Natural Gas (CNG) Internal Combustion (IC) motors and Alternating Current (AC) Eletric lift truck engines, Comparison Analysis of CNG (IC) vs. AC Electric Lift Trucks, by Will Van Ness, VP of Fleet Management at HCO Innovations. You can find the conclusion to all 8 chapters and a link to each chapter below.

Final Conclusions:

Our conclusion is that AC electric lift trucks offer significant advantages across multiple categories, including TCO, uptime/downtime, corporate/environmental responsibility and residual value. The most significant disadvantage to using AC electric versus CNG is the possible limitation in available capacities and the need to handle/change-out batteries in sites operating multiple shifts. Where larger capacity lift trucks are required, it is my recommendation to use LPG trucks versus CNG.

We recommend focusing the purchase (acquisition) on the actual lift truck, and not on the lift truck and the fuel supply combined. The fuel supply (the power) needs to be looked at and managed separate from the lift truck. There are a number of reasons why each should have its own focus and management, including fractional battery needs, but with the required focus upfront and management throughout a five-year cycle, additional savings of 20% should be reasonably expected.

For further information on ELT Fleet Power, what it is and how it works, please contact your ELT Fleet Management program manager.

Read The Full Series:

Chapter 1: The Concept of Total Cost of Ownership (TCO)

Chapter 2: AC Technology Compared to Internal Combustion

Chapter 3: Compressed Natural Gas (CNG)

Chapter 4: Trends in Materials Handling

Chapter 5: Voltage Levels Used in Electric Lift trucks Today

Chapter 6: Battery and Charging Systems

Chapter 7: Electric Braking and Energy Regeneration

Chapter 8: Emissions and Corporate Responsibility: A Major Problem for IC Lift Trucks

We're Here To Help

Our customers are at the center of everything we do. HCO knows that many of you are navigating unprecedented challenges and we’re here to help.

The current economic environment has created stress on many of the core industries that this country relies on to thrive.
- Corporate liquidity is at a premium and the management of your balance sheet is critical.
- Bank and vendor leasing for equipment is tightening as corporate credit ratings are in flux and lenders are focused on securing their own capital.

HCO is leading through this disruption with customized forklift fleet programs that allow companies to 1) replace fleet assets and 2) service those assets without relying on banks or vendors for leasing. Our managed service programs allow companies to secure assets and service programs with no upfront capital, and no end of term lease obligations. We are reinventing the way companies access equipment and service. Please reach out to discuss whether this would be valuable to your company.

As we execute our business continuity plan, we will rely on the guidance from the Center for Disease Control, federal, state, and local governments to guide our decisions to keep our employees and our customers’ employees safe. We are committed to continuing to provide clients with our valuable services.

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